贝特瑞股价半月涨幅达51.7%，固态电池材料商业化提速

Core Viewpoint - The stock price of BETTERY (835185.BJ) has shown strong performance, increasing by 51.7% from 22.97 CNY to 34.86 CNY per share since the release of its semi-annual report on August 28, 2023, with a notable single-day increase of 19.03% on September 5, 2023 [1][3]. Financial Performance - In the first half of the year, BETTERY achieved a revenue of 7.838 billion CNY, representing a year-on-year growth of 11.36%, and a net profit attributable to shareholders of 479 million CNY [4]. - The core business of anode materials generated a revenue of 6.279 billion CNY, with a shipment volume exceeding 260,000 tons, marking a significant year-on-year increase of 32.83% [4]. - The gross margin for anode materials remained high at 25.59%, driven by a 46.23% increase in sales of artificial graphite products, reaching a historical high [4]. Market and Industry Trends - The recent rise in BETTERY's stock price is linked to the growing interest in solid-state battery technology, supported by a new policy from the Ministry of Industry and Information Technology and the State Administration for Market Regulation, which aims to enhance research in cutting-edge technologies [3]. - The global penetration rate of solid-state batteries is projected to increase from approximately 0.2% in 2024 to 10% by 2030, indicating a promising market outlook [3]. Strategic Developments - BETTERY is advancing its overseas expansion, with its Indonesia base's first phase of 80,000 tons of anode material currently operating at full capacity, while the second phase is in trial production and customer certification [4]. - The company is also establishing production capacities in Morocco, targeting 50,000 tons per year for cathode materials and 60,000 tons per year for anode materials, which are progressing steadily [4]. Analyst Ratings - Open Source Securities has given BETTERY an "Accumulate" rating, citing overall revenue growth, improved gross margins for cathode materials, and ongoing overseas capacity expansion [5]. - Dongwu Electric New Energy also expressed optimism about BETTERY's future, highlighting the steady increase in profitability from anode materials as overseas production ramps up [5].